XML 71 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information
 3 Months Ended
Jan. 03, 2015
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information
Segment Information
Below are sales and operating profit by segment for the three months ended January 3, 2015 and December 28, 2013 and a reconciliation of segment operating profit to earnings before income taxes. Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, number of employees or profit.
 
 
Three Months Ended
 
 
January 3,
2015
 
December 28,
2013
Net sales:
 
 
 
 
Aircraft Controls
 
$
266,368

 
$
265,416

Space and Defense Controls
 
99,955

 
99,450

Industrial Systems
 
133,366

 
144,079

Components
 
99,905

 
102,685

Medical Devices
 
30,929

 
31,755

Net sales
 
$
630,523

 
$
643,385

Operating profit and margins:
 
 
 
 
Aircraft Controls
 
$
24,458

 
$
31,771


 
9.2
%
 
12.0
%
Space and Defense Controls
 
8,726

 
7,853


 
8.7
%
 
7.9
%
Industrial Systems
 
13,219

 
12,286


 
9.9
%
 
8.5
%
Components
 
14,700

 
16,189


 
14.7
%
 
15.8
%
Medical Devices
 
4,598

 
3,628


 
14.9
%
 
11.4
%
Total operating profit
 
65,701

 
71,727


 
10.4
%
 
11.1
%
Deductions from operating profit:
 
 
 
 
Interest expense
 
5,368

 
5,129

Equity-based compensation expense
 
3,398

 
3,774

Redemption of senior subordinated notes
 
—

 
8,002

Corporate expenses and other
 
7,497

 
7,965

Earnings before income taxes
 
$
49,438

 
$
46,857